Press fails to reveal follies of Market Basket board

Tuesday

Aug 19, 2014 at 2:00 AM

After reading the letter to the editor from Kevin Barry titled "Pay attention to the facts about Market Basket" (Aug. 15, Portsmouth Herald), I wondered where all the reporters and journalists have been. Why haven't they brought up the real facts regarding the current chief executive officers and the apparent lackluster decisions by the current board of directors? Why does it take an individual from Greenland to bring up issues that the press should have? (By the way, nice job, Mr. Barry.) What they fail to realize is that you can intimidate the employees all you want, but remember, if 90 percent of your customers fail to shop in your stores, you will ultimately go out of business. In addition, the board of directors should recognize that the value of their stock will decrease as expenses exceed income.

Aug. 15 — To the Editor:

After reading the letter to the editor from Kevin Barry titled "Pay attention to the facts about Market Basket" (Aug. 15, Portsmouth Herald), I wondered where all the reporters and journalists have been. Why haven't they brought up the real facts regarding the current chief executive officers and the apparent lackluster decisions by the current board of directors? Why does it take an individual from Greenland to bring up issues that the press should have? (By the way, nice job, Mr. Barry.) What they fail to realize is that you can intimidate the employees all you want, but remember, if 90 percent of your customers fail to shop in your stores, you will ultimately go out of business. In addition, the board of directors should recognize that the value of their stock will decrease as expenses exceed income.

Perhaps the media could expend a little energy and report on the backgrounds of the people currently "managing" the company. We all might find that very interesting. And politicians should stay out of the discussion, whether they have family members vested in any way. Best wishes to all the employees. And until they achieve their goals, everyone should remember, there are other grocery stores.

Advertise

Original content available for non-commercial use under a Creative Commons license, except where noted.
seacoastonline.com ~ 111 New Hampshire Ave., Portsmouth, NH 03801 ~ Privacy Policy ~ Terms Of Service